Take a look at how the Roush cars with the side exhaust are set up. Another thing you need to worry about is subframes. You can't run most subframes with side exhaust, it won't clear. You have to run spintech subframes or you might be able to get away with global west too. I would not really get a set fabricated... The same company, spintech, makes real nice kits that are direct fit with Roush side skirts. The steeda side exhaust is really nice too.
As far as being too low... They aren't that bad, not the new edge setup anyway.
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2000 Mustang GT Steeda #0048 34k miles. 99 Cobra 4V swapped, FTBR IRS swapped, exhaust, tuned by James Gordon.
Just because I give you advice, doesn't mean I know more than you. Its just means I've done more stupid ****.